CVC Credit is pleased to announce that it has committed debt facilities to support Cinven’s acquisition of Euro Techno Com (“ETC Group”), a specialised distributor for the telecom and technology infrastructure industry.
Founded in 1993, ETC Group is a global leader and partner in the design, procurement and distribution of materials, tooling and equipment used by telecom operators and their subcontractors to install, build and maintain wireline and wireless infrastructure and other digital infrastructure. Headquartered in France, the Group has c.1,100 employees and c.14,000 customers based primarily across Europe and the US.
ETC Group is led by an experienced management team, with a strong record of successful acquisitions to broaden its geographic scope and customer base. The company has built a strong market position as a global leader and critical link between sourcing and distribution of materials for the telecommunications industry in France, Portugal, the US, UK, Israel, Dominican Republic, Qatar, Oman, UAE, Hong Kong, Morocco, Germany and Poland.